<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1674501896101296&amp;ev=PageView&amp;noscript=1">

Three factors you should know about an Income Statement

The income statement is one of the core financial statements used by business owners and their accountants to reflect the financial health of the business during a specific accounting period...
Continue Reading

Three factors you should know about an Income Statement

The income statement is one of the core financial statements used by business owners and their accou...
Continue Reading

Accounting: A Simple Definition

All businesses must deal with accounting daily. It is a crucial process for determining the financia...
Continue Reading

24 Basic Accounting Principles Business Owners Must Have

Basic accounting principles underly generally accepted accounting standards (GAAP), which are “princ...
Continue Reading

Inventory Accounting: It's Not as Difficult as You Think

If you think inventory accounting is too hard, it’s time to rethink, refresh, retool, and restart. W...
Continue Reading

Working Capital and Liquidity

Every business owner faces challenges daily, but few are as pressing or as stressful as maintaining ...
Continue Reading

Accounting Equation Principle

The basic accounting equation formula is: total Assets =  Liabilities + Equity. It is used in double...
Continue Reading

Chart of Accounts

The chart of accounts is a numbered list of all accounts used to record and summarize business trans...
Continue Reading

11 Ways to Revamp Your Accounting System

The design determines whether your software works with you or stands in your way. Poorly designed so...
Continue Reading

Exploring Debits and Credits

Introduction Accountants use debits and credits to record each business transaction and generate fin...
Continue Reading

Innovation with Cloud-based Accounting Software

What is accounting? Believe it or not, the answer—and the perception of what accounting can be withi...
Continue Reading

SALES ORDER VS. PURCHASE ORDER AND WHY YOU NEED BOTH

Professionally managed companies use accounting systems with sales orders and purchase orders. Sales...
Continue Reading

Fundamentals and Objectives of Financial Accounting

For start-ups, SMEs, and businesses with multiple locations, accounting can be a nightmare, but nobo...
Continue Reading

Related Posts